UPS alumnus gives $10K in digital currency

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SEATTLE — It may be the first of its kind for American higher education philanthropy.

A graduate of the University of Puget Sound has given the school a $10,000 gift in bitcoins, according to a press release by UPS.

Nicolas Cary, 28, is a 2007 graduate of UPS’s Business Leadership Program and the CEO of Blockchain, which runs a “digital wallet” for bitcoins.

As he told UPS, it may be the first bitcoin gift ever made to an American college or university.

The open-source digital currency is not affiliated with a country or bank, and it can be used to make transactions through mobile and desktop devices. Since its launch in 2009, the bitcoin has developed a following and is already accepted by some businesses.

Cary told UPS that he had always wanted to make a donation to UPS once he had the means to do so. He said he received scholarships and loans as a college student and hopes he can make a difference for those needing help to get through school.

1 Comment

Yours Truly

This is kind of dumb. The bad thing is that it's only limited to the community of businesses that accept these coins. It would take forever to research what companies use it and then your limited as to what you can buy because it's not universally accepted by banks, etc and counted as real currency. I wouldn't even waste my time and will go on just using regular money at regular stores. What is the benefit to using this? Can we get stuff MUCH cheaper? If not, no point in using it.